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Bus 401
Quiz 4 - Chapter 4&12
20
Business
Undergraduate 4
10/07/2012

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Cards

Term
All of the following are types of risks that executives must address except:

a. business risk taking.
b. financial risk taking.
c. personal risk taking.
d. product-market risk taking.
Definition
d. product-market risk taking.
Term
Dynamic capabilities include all of the following except:

a. learning and innovating.
b. the ability of an organization to challenge the conventional industry in its industry and market.
c. becoming more efficient in operational processes.
d. continuously adopting new ways of serving the evolving needs of the market.
Definition
c. becoming more efficient in operational processes.
Term
According to the text, __________, which support fledgling startups are often used to pursue specific entrepreneurial ventures developed by __________.
Definition
business incubators; new venture groups
Term
Tacit knowledge
Definition
can be accessed only with the consent of the employees because it is in the minds of the employees.
Term
After 15 teams created 128 different phones, Chris Galvin, former CEO of Motorola, recently eliminated the autonomous teams being used to develop new wireless phones. This was necessary because such teams:

a. often lack coordination.
b. sometimes waste resources on projects with questionable feasibility.
c. sometimes create inefficiencies through duplication of effort.
d. all of the above.
Definition
d. all of the above.
Term
The innovation dilemma known as building capabilities versus collaborating refers to
Definition
developing innovation skills internally versus partnering with qualified outsiders.
Term
Real options analysis helps managers make investment decisions involving large irreversible commitments of financial resources.
Definition
False
Term
ABC, Incorporated desires to have the most qualified people in every position throughout its organization. This is an example of a concern for
Definition
developing human capital.
Term
The role of technology in the recruitment of human capital has lowered individuals' reliance on the use of social networks.
Definition
False
Term
Corporate entrepreneurship is sometimes called "intrapreneurship."
Definition
True
Term
n a 360-degree evaluation and feedback system, __________ rate a person's skill and performance.

a. superiors
b. direct reports
c. colleagues
d. all of the above
Definition
d. all of the above
Term
Radical innovation often involves open-ended experimentation which can be very time consuming.
Definition
True
Term
From an individual's perspective, social networks deliver three unique advantages: private information, access to diverse skill sets, and power.
Definition
True
Term
Which of the following firms would you expect to have the highest ratio of market value to book value?

a. Union Pacific (railroad)
b. Genentech
c. International Paper
d. Nucor (steel)
Definition
b. Genentech
Term
In social networks, in bridging relationships, one member is central to the communication flows in a group.
Definition
False
Term
Dispersed approaches to corporate entrepreneurship are often found in organizations with a strong spirit of entrepreneurship.
Definition
True
Term
Which of the following dimensions of entrepreneurial orientation is described as "a forward-looking perspective characteristic of a marketplace leader that has the foresight to seize opportunities"?
Definition
a. proactiveness
Term
Many leading companies look for creativity and flexibility in problem solving during the interview process. This helps a firm assess a potential employee's social capital.
Definition
False
Term
Strategic renewal and the pursuit of new venture opportunities are the two primary aims of corporate entrepreneurship.
Definition
True
Term
360-degree evaluation systems are not useful due to the need to integrate large amounts of feedback.
Definition
False
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